Middle East Governments & Economic Systems

Front

What is the main difference between a Presidential Democracy and a Parliamentary Democracy?

Back

A President is elected directly by the citizens, while a Prime Minister is elected by the legislature.

Front

Which one describes a Presidential Democracy? Options: Citizens directly elect the country's leader. Citizens directly elect the legislature., Citizens elect members of the legislature which then elects the country's leader., Legal members of a country who are usually given rights., Someone who uses goods and services.

Back

Citizens directly elect the country's leader. Citizens directly elect the legislature.

Front

Which one BEST describes GDP?

Back

Gross Domestic Product

Front

Embargo

Back

A ban on trading usually for political purposes

Front

What is a quota?

Back

A limit on the amount of goods a country will import.

Front

Which is the BEST example of specialization? A large business makes a variety of goods. A country has a large number of imports but no exports. A gas station sells a wide variety of food and drinks. A factory builds seats that will be sold to car manufacturers to be installed in cars.

Back

A factory builds seats that will be sold to car manufacturers to be installed in cars.

Front

In which type of economy does the government have total control?

Back

command

Front

Why is a system of currency exchange necessary for international trade?

Back

There must be a way to pay for goods purchased from countries with different types of currency.

Front

What is the primary function of OPEC?

Back

To determine price, oil production, and to make sure that oil distribution is fair and equal for the world.

Front

When a company educates and trains its people, it is investing in ___________________.

Back

Human Capital